Week Ending 6/14/2010 “Glass Half Full” Perspective

Beach-close homebuying is up 32 percent from a year ago. Laguna Beach sale activity is up 109 percent in a year….selling is better than a year ago, but it comes by serious discounting.

LOS ANGELES TIMES BUSINESS SECTION 6/13/2010

Lew Sichelman

“HOME SHORTAGES COULD DEVELOP AS RECOVERY UNFOLDS”

Sooner or later, the economy will rebound. When that time comes, however, there might not be enough housing to accommodate all of the new family formations.

LOS ANGELES TIMES BUSINESS SECTION 6/13/2010

Lauren Beale

“COMPOUND INTEREST SOARS ON WESTSIDE”

Rich homeowners seeking privacy buy adjacent properties. Now in the ultrahigh end it’s the norm to strategize about amassing multiple properties. They seek even greater privacy by increasingly buying adjacent properties as a buffer zone around their mansion.

A graded eight-acre lot above Bel-Air Country Club is on the market for $49.5 million .

LOS ANGELES TIMES BUSINESS SECTION 6/9/2010

Roger Vincent

“COMMERCIAL PROPERTY REBOUNDING”

Prices are not soaring, but investors are on the prowl again and bidding wars are back. After 3 years of decline there are signs that Southern California’s beaten-down real estate market has struck bottom – setting up the possibility of a rebound later this year.

About Author

Sean McCracken

As the OC Realtor I’ll help you find your special OC Coastal home at that special price. With my hand holding, I’ll take you through the buying process for the minimal amount of pain - Call Me @ 949-290-5317